. >> harry reid did not offer a budget. >> and five-year high with the stock market closing on friday. >> the democratic leader offered a budget in the last three years. you need to put a proceed says in place and your party has not been a team player. >> to put a budget forward and the budget chair is going to do that. i have full faith in her. that is the difference between women and men sometimes. >> jamie: let me judge in on the budget. let me ask both of you, angela, we don't have a balanced budget. a lot of talk about spending cuts. what spending cuts not only reasonable to push for and see happen, which are rational given this economy? >> what we have to do is roll back the obama tax increases and we have to look at entitlements and put that on the table. democrats know and republicans know it. we're going to go bankrupt. that is the first thing. cutting spending will balance the budget. we've done it before. >> jamie: can you be more specific on spending cuts there is a are rational and reasonable and we sai may see? >> i think we have to cut waste and not jobs. as you look at